GCI Dividend Type Payments
Although GCI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Gannett Co., Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
Gannett Co., Inc. (GCI) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
3.78 | 3.81 | 3.78 | +0.10 | 894K | 10 | 0.5B |
GCI Dividend-Like Income Using Covered Calls
With GCI at 3.78, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:
Annual Yield | Annual Premium | Cents/Day |
---|---|---|
3% | 0.11 | 0.0 |
5% | 0.19 | 0.1 |
10% | 0.38 | 0.1 |
So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:
3% Yield On GCI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 4.00 | 0.30 | 108 | 0.3 | 0.19 (5.0%) | |
Dec 19 | 4.00 | 0.45 | 171 | 0.3 | 0.19 (5.0%) |
5% Yield On GCI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 4.00 | 0.30 | 108 | 0.3 | 0.19 (5.0%) | |
Dec 19 | 4.00 | 0.45 | 171 | 0.3 | 0.19 (5.0%) |
10% Yield On GCI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 4.00 | 0.30 | 108 | 0.3 | 0.19 (5.0%) | |
Dec 19 | 4.00 | 0.45 | 171 | 0.3 | 0.19 (5.0%) |
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Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | GLD dividend | 1. | COGT dividend | |
2. | SLV dividend | 7. | AAPL dividend | 2. | RUN dividend | |
3. | SPY dividend | 8. | TLT dividend | 3. | OSCR dividend | |
4. | IWM dividend | 9. | FXI dividend | 4. | EOSE dividend | |
5. | TSLA dividend | 10. | QQQ dividend | 5. | ETSY dividend |
Want more examples? GCC Dividend | GCO Dividend